With so many homes selling below the county valuation, many buyers are wondering if they can get their property taxes reduced. 
While I may not be able to answer that with a resounding yes, I can point you in the right direction to get the process started. If you do not agree with the assessment of your property taxes you do have the right to appeal that valuation with the Cuyahoga County Board of Revision. In Cuyahoga County, the auditor, the treasurer, and the president of the board of county commissioners each appoint members to the board of revision. There are 3 panels to hear the complaints.
Here are some important points for you to remember:
- All challenges must be filed between Jan. 1st. and March 31st.
- Before filing you should review the board of revision's rules of practice and filing guidelines
- the staff of the board of revisions is available to you to answer questions in person or by phone
- Be prepared to prove/justify why your valuation is incorrect by bringing your recent purchase contract, or, if your home has not sold recently, by bringing comparable sales. Pictures may also be helpful to show the home's condition.
- You may get the necessary form by calling the Board of Rvision at 216-443-7195
- You may also get the form online by visiting here
- If you are unsure of how this will impact you, please speak to a real estate and/or tax attorney
And if you would like to know what your home is worth, please contact Barb Szabo. I am happy to help.
If you would like to buy or sell a home in the southern communities of Cleveland Ohio, please call me at 440-263-7496, or you may want to visit my website for more specific information on the communities I service: Brecksville Ohio Real Estate, Broadview Heights Ohio Real Estate, North Royalton Ohio Real Estate Independence Ohio Real Estate, Seven Hills Ohio Real Estate, Parma Ohio Real Estate, Parma Heights Ohio Real Estate and Middleburg Heights Ohio Real Estate. Information is obtained from Neohrex (Northeast Ohio Real Estate Exchange) and is deemed reliable but not guaranteed and should be independently verified. Properties subject to prior sale, rental, or other status changes. All properties that are advertised as being listed or sold by Barb Szabo are in conjuntion with ReMax Trinity.
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Great information! In Texas, you can get the taxes lowered IF the home purchased below market value wasn't a distressed property.
David, Thanks for your comments. That's interesting. A great majority of the distressed homes here still have the old and higher valuation (when the property was not distressed) and the current valuation of homes in the same area is well below , so it wouldn't seem fair to me that distressed homes would not qualify. Maybe many of them are getting renovated and flipped.
This information is very helpful, Barb. I know a lot of people here in the area that have successfully reduced their real estate taxes. It just takes a little bit of work.
Dan, You are right and though less tax revenue does not help any city, it is fair to the homeowner.
I have been helping out some of my clients with navigating the counties forms and getting CMAs for them to help prove thier current valuation. It is one way to keep in touch with past clients and offer them above average service.
Mary, That's a great idea, especially with the end of March deadline. Thanks for stopping by.
Barb,
Great information.Thanks for passing it along.
Dorie, I think with all the devaluation we need to have it and get it to our clients. Thanks for stopping by.